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Greece Defence and Security Report 2015

Greece Defence and Security Report 2015

Financial issues with the Eurozone put aside, Greece still maintains one of the most technologicallysophisticated and capable armed forces with a large standing military stocked with mostly modernequipment. Despite cuts over the last six years, Greece's defence budget still accounts for 2.2% of its GDP,higher than Britain, Germany and France which have all seen major combat within the last two decades.

Three major reasons for keeping the military budget high in a time of economic crisis are personnel costs,regional geopolitics and domestic political pressure. Greece's defence spending has been reduced by 40% inthe last four years only, and no new procurement initiatives are on the horizon, with existing contracts puton hold. Continued high defence spending has previously been legitimized by the consensus that thecountry is under constant threat by Turkey. Greece is currently facing additional security threats pertainingto the economic crisis and harsh austerity measures which will continue over the rest of the forecast period.

Greece's political landscape is likely to become more tumultuous in the coming years. The legacy of fiscalprofligacy and economic distortions will leave a permanent mark on the Greek economy and society, withpolitical voices potentially becoming more fragmented. We therefore expect a prolonged period of austerityand instability in the decade ahead. Civil unrest, protests and demonstrations will increase, signifying thenecessity of a coherent and capable security and defence sector.


BMI Industry View
SWOT
Defence SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Greece 2012-2019)
Table: Defence Expenditure Scenario - Changing % Of GDP (Greece 2012-2019)
Armed Forces
Table: Armed Forces Personnel (Greece 2005-2012)
Table: Manpower Available For Military Service (Greece 2012-2019)
Defence Trade
Table: Defence Trade Balance (Greece 2012-2019)
Table: Defence Exports (Greece 2012-2019)
Table: Defence Imports (Greece 2012-2019)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Greece 2010-2019)
Industry Risk Reward Index
Greece Security Risk Index
Table: Greece Risk Reward Ratings table
Rewards
Risks
Market Overview
Greece Defence Market Overview
Armed Forces
Domestic Defence Industry
Domestic Market
Table: Greece Defence Agreements
Greece Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons Of Mass Destruction
Company Profile
Hellenic Defence Systems
Intracom Defense Electronics
Regional Overview
Europe Security Overview - Q4 2015
Global Industry Overview
Political Risk Analysis
Demographic Data
Demographic Forecast
Table: Population Headline Indicators (Greece 1990-2025)
Table: Key Population Ratios (Greece 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Greece 1990-2025)
Table: Population By Age Group (Greece 1990-2025)
Table: Population By Age Group % (Greece 1990-2025)
Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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